Zubair has a special taste for college canteen's hotdogs. The owner of the cante

Question

Zubair has a special taste for college canteen's hotdogs. The owner of the canteen doubles the prices of hotdogs. Zubair did not respond to the increase in prices and kept on demanding the same quantity of hotdogs. His demand for hotdogs is

Options:

A . Perfectly elastic

B . Perfectly inelastic

C . Elastic

D . Less elastic

Answer: Option B

Submit Your Solution Below and Earn Points !

Next Question

Submit Solution

More Questions on This Topic :

Question 1. In the case of a straight-line demand curve meeting the two axes, the price-elasticity of demand at the mid-point of the....of demand at the mid-point of the line would be

Question 2. Which is the first-order condition for the profit of a firm to be maximum?....

Question 3. Which of the following is one of the assumptions of perfect competition?....

Question 4. Identify the coefficient of price-elasticity of demand when the percentage increase in the quantity of a commodity deman....demanded is smaller than the percentage fall in its price

Question 5. Price and demand are positively correlated in case of....

Question 6. In which form of the market structure is the degree of control over the price of its product by a firm very large?....

Question 7. A firm under perfect competition is....

Question 8. The elasticity of demand of durable goods is....

Question 9. In the case of an inferior good, the income elasticity of demand is....

Question 10. Which is the other name that is given to the average revenue curve?....

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

Tabulation - Test Paper 2 Data Interpretation Reasoning & DI

Test Paper 1 Direction Sense Test Reasoning & DI

ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0

GFM Combined 1 Free Revision Test SAIL JO E-0

Submit Solution

More Questions on This Topic :

Latest Videos

Latest Test Papers